insert_link Business / Economics 22 August 2024 Morning Biz News: NAMCOR’s Breakthroughs and Global Economic Shifts: Namibia’s Economic Boom, South Africa’s Inflation Drop, and Market Trends NAMCOR's Investment Boosts Economic Outlook NAMCOR's extensive drilling and investment efforts have paid off, with recent successes in the Orange Basin signaling a bright future for Namibia's economy. Interim Managing Director Ebson Uanguta revealed that after drilling 38 dry wells and investing over N$20 billion over the past three decades, Namibia is on track to potentially double its economy in the next 15 years. This achievement marks a significant […] todayAugust 22, 2024 21
insert_link Africa Sahel Juntas Accuse Ukraine of Supporting Rebel Groups, Denounce Actions to UN Security Council The military juntas of Burkina Faso, Mali, and Niger have lodged a complaint with the U.N. Security Council, accusing Ukraine of supporting rebel groups in the Sahel region, reports Reuters. This follows Mali's decision to cut diplomatic ties with Ukraine in early August, after comments from a Ukrainian military intelligence spokesperson about recent fighting in Mali's north, which resulted in the deaths of Malian soldiers and Russian Wagner mercenaries. Niger's […] todayAugust 22, 2024 24
insert_link Health / Medical ICT Ministry Partners with Lifeline Childline Namibia for Cybersecurity Awareness The Information and Communication Technology ministry and Lifeline Childline Namibia have signed a five-year Memorandum of Understanding in Windhoek. This partnership will focus on enhancing cybersecurity awareness and public education, particularly for children. Director of LifeLine/ChildLine Namibia: Nicolette Bessinger. todayAugust 22, 2024 27
insert_link South Africa S.A’s Parliament’s Home Affairs portfolio committee has called for zero tolerance for identity theft S.A's Parliament's Home Affairs portfolio committee has called for zero tolerance for identity theft, and for action in the Chidimma Adetshina case. Adetshina withdrew from the Miss SA pageant after her mother was accused of identity theft. The department’s counter-corruption head, Constance Moitse, revealed evidence linking two officials to the fraud. The committee chair, Musa Chabane, stressed to eNCA the urgency of addressing the issue, as the implicated officials remain […] todayAugust 22, 2024 18
insert_link Business / Economics Revised economic data shows U.S. jobs growth less strong than estimated The US labor department has revised job growth numbers, finding in the year up until March, payrolls were overstated by around 818,000 jobs. That suggests job growth has been less positive than previously thought, although unemployment remains relatively low. As Caroline Malone reports. todayAugust 22, 2024 17
insert_link Business / Economics Bank of Namibia Supports Oil and Gas Sector with Flexible Exchange Controls The Bank of Namibia affirms that the country's Exchange Control Policies and Laws are designed to foster a supportive investment environment for the emerging oil and gas sector. These policies facilitate foreign direct investments by allowing investors to bring in and repatriate funds through commercial banks, ensuring smooth operations in exploration and capital-intensive projects. Sandra Garises, the regulator's principal communication officer. todayAugust 22, 2024 29
insert_link South Africa Over 2,500 Evacuated from Tshwane Police Academy After Nearby Gas Pipeline Explosion Over two-thousand-500 police trainees and South African Police Service staff have been evacuated from the Tshwane training academy in Pretoria due to a gas pipeline explosion at a nearby business site. National police commissioner Fannie Masemola ordered the precautionary evacuation to ensure safety. Police spokesperson Athlenda Mathe says experts are managing the fire, and a control centre has been established: todayAugust 22, 2024 13
insert_link Health / Medical SADC Business Council Tourism Alliance Confirms Southern Africa’s Safety Amid Mpox Concerns In light of recent global health alerts regarding Mpox, the SADC Business Council Tourism Alliance reassures that Southern Africa remains a safe and inviting destination for tourists. The Alliance emphasizes the region's swift, coordinated response and the minimal risk posed to travelers. Natalia Rosa, Project Lead for the SADC Business Council Tourism Alliance. todayAugust 22, 2024 23
insert_link World Gaza ceasefire deal still in doubt A deal to end the fighting in Gaza is on the brink of collapse, after America's top diplomat left the Middle East with no truce in place. US Secretary of State Antony Blinken's ninth visit to the region since the start of the war came amid days of negotiations to secure a ceasefire, but his trip ended without the agreement he craves. Reporting for us is Benji Hyer. todayAugust 22, 2024 11